OH SB188

Establishes a 30% nonrefundable tax credit against personal income tax for taxpayers who install alternative fuel facilities (for compressed natural gas, liquefied natural gas, liquefied petroleum gas, hydrogen, 85% ethanol, or electricity) between the effective date and January 1, 2015.

For commercial facilities, the credit is claimed in three equal annual installments starting in the year the facility is placed into service; for residential facilities, the full credit is claimed in the year of placement.

Allows vendors selling equipment for alternative fuel facilities to claim a credit equal to the sale price if the purchaser is not subject to income or commercial activity tax (such as government entities).

Permits unused credit amounts to carry forward to subsequent tax years and allows pass-through entities to claim the credit.

Establishes the same 30% credit for commercial alternative fuel facilities under the commercial activity tax (CAT), with credits claimed in equal installments over three years following placement into service.